you are a manager of a local tractor distributor. you currently sell two versions basic and deluxe. the owner has provided you with the following information:

Budgeted sales for each quarter: 1st quarter- $395000, 2nd quarter-$270000, 3rd quarter- $205000, 4th quarter-$320000

% of sales for each model: Basic- 60%, Deluxe- 40%

cost of sales as a % of sales: Basic- 35%, deluxe- 15%

Ending inventory as a % of the next quarters needs: Basic- 30%, Deluxe-55%

required: based on the above information prepare a separate purchases budget for the basic and deluxe models for 3rd quarter ONLY.

( management accounting)